Todd Haynes’ new anti-biopic, “I’m Not There,” lives up to its hype as the perfect film distillation of the life and legend of Bob Dylan. The stories of six Dylan-like characters (played, among others, by a 13-year-old black boy, a British actress, Richard Gere and Batman) intertwine, and, naturally, nothing is revealed.

The soundtrack is fantastic, including covers by a who’s who of middle-aged alt-rock and a terrific selection of Dylan classics and overlooked gems like “Blind Willie McTell” and the early version of “Idiot Wind” that wound up on the cutting room floor for “Blood On The Tracks.” The title is taken from a heretofore unreleased “basement tapes” recording, one of those haunting songs that Dylan recorded in one take and perversely never touched again, much to the chagrin of us cultists. It turns up here in a re-mastered mix and Sonic Youth cover.

Cultists, the only folks who could properly enjoy two and a half hours of abstract Dylanology, will have a field day with character names, set decoration and other sly references to songs both popular and rare. The rest of the squares, like the couple sitting behind me who would not shut up, will content themselves by pointing out that Cate Blanchett’s insufferable-prick-era “Dylan,” Jude Quinn, “probably means the Rolling Stones,” when introducing Brian Jones as a member of “that cute little cover band.”

For many, the scenes that stretch hardest for credibility are Richard Gere as Billy the Kid-in-hiding, after escaping Pat Garrett’s bullet. For me, this is the most enjoyable part of the film. It’s a tribute and celebration of Dylan’s weird and wonderful “basement tapes” period; a tangled up mix of Americana from the Civil Way to the Dust Bowl, with circus freaks and outlaws and ostriches, that somehow makes sense of non-sensical lyrics like “pack up the meat, sweet” and “open the door, Homer.” It’s a visual delight for any true Dylan freak.